12/09/2012
Coca-Cola switching to more corn-based sweeteners
Manufacturers of private label carbonated soft drinks are expected to closely follow the latest move by Coca-Cola Co., as the beverage giant opts to use more corn-based sweeteners in its products.
"In most Coca-Cola products, theres a clear directional shift toward the use of high-fructose corn syrup, which is cheaper than sugar," Michael Ferrari, director of global agricultural commodity risk management at the beverage giant, told Dow Jones Newswires.
After suppliers obtain high-fructose corn syrup from corn, there are a few downstream products that can be sold off for energy and animal feed use, partly offsetting raw material costs, Ferrari noted.
